OTEC submits state application to acquire Idaho Power’s Oregon service area
Posted on May 22, 2026 in Mergers/Acquisitions | Comments Off on OTEC submits state application to acquire Idaho Power’s Oregon service area
Oregon Trail Electric Cooperative (OTEC) has filed an application with the Oregon Public Utility Commission to acquire Idaho Power’s service territory in Eastern Oregon in a proposed $154 million transaction. The proposed acquisition would add about 20,000 members, and OTEC expects the larger member base to help spread costs and support more stable long-term rates.
STEC Acquires Two ERCOT Gas Stations from PROENERGY for $768M
Posted on Apr 15, 2026 in Mergers/Acquisitions | Comments Off on STEC Acquires Two ERCOT Gas Stations from PROENERGY for $768M
South Texas Electric Cooperative (STEC) has acquired the Braes Bayou and Brotman Generating Stations in the ERCOT market from PROENERGY for $768 million. The facilities have a combined capacity of 768 MW of fast start generation, and PROENERGY will continue to staff, operate, and maintain the units under Operations and Maintenance and Total Care Services arrangements.
Idaho Power to Transfer Ownership of Oregon Service Area to Oregon Trail Electric Cooperative Under New Agreement
Posted on Feb 20, 2026 in Mergers/Acquisitions | Comments Off on Idaho Power to Transfer Ownership of Oregon Service Area to Oregon Trail Electric Cooperative Under New Agreement
Idaho Power and Oregon Trail Electric Cooperative have announced a $154 million agreement under which OTEC would acquire ownership and operation of Idaho Power’s Oregon Service Area, transferring approximately 20,000 Eastern Oregon customers to OTEC, subject to regulatory approval. OTEC stated that the acquisition would expand its service territory and support rate stability by...
Rayburn Country Electric Cooperative to Acquire Sherman Gas Plant
Posted on Apr 20, 2023 in Generation & Transmission, Mergers/Acquisitions | Comments Off on Rayburn Country Electric Cooperative to Acquire Sherman Gas Plant
Rayburn Country Electric Cooperative (Rayburn) announced a definitive agreement to purchase a 758 megawatt natural gas-fueled power plant located in Grayson County, Texas. Renamed Rayburn Energy Station, the plant will add to Rayburn’s strategically diverse energy portfolio and is capable of powering 750,000 homes.
Great River Energy Completes Sale of Coal Creek Station
Posted on May 5, 2022 in Grid & Infrastructure, Mergers/Acquisitions | Comments Off on Great River Energy Completes Sale of Coal Creek Station
Rainbow Energy Center, LLC has purchased Coal Creek Station, a coal-fired power plant, from Great River Energy. The sale will preserve jobs at the plant, and the new ownership has stated its commitment to carbon capture objectives.
Dairyland Power Cooperative Seeks to Acquire RockGen Energy Center
Posted on Aug 31, 2021 in Mergers/Acquisitions | Comments Off on Dairyland Power Cooperative Seeks to Acquire RockGen Energy Center
Dairyland Power Cooperative announced that it has entered into a purchase agreement to acquire the RockGen Energy Center, a 503 megawatt natural gas power plant located in Cambridge, Wisconsin, from Starwood Energy Group Global, LLC.
Great River Energy Finds Buyer for Coal Creek Station
Posted on Jul 6, 2021 in Mergers/Acquisitions | Comments Off on Great River Energy Finds Buyer for Coal Creek Station
The search for a new owner for Coal Creek Station is over, as a Bismarck-based company has reached a deal with operator Great River Energy to purchase the power plant. Affiliates of Rainbow Energy Marketing Corp. will acquire the McLean County, North Dakota plant and its transmission line for an undisclosed price.
New York Cooperative Enters into Purchase Agreement
Posted on Apr 2, 2021 in Mergers/Acquisitions | Comments Off on New York Cooperative Enters into Purchase Agreement
Tri-County Rural Electric Cooperative (Tri-County) entered into an asset purchase agreement to acquire the Waverly, NY electric distribution assets of Pennsylvania Electric Co. (Penelec). Tri-County intends to add Penelec’s customers in Waverly to its cooperative membership upon completion of the acquisition.
Gas South Plans to Acquire Infinite Energy
Posted on Oct 26, 2020 in Mergers/Acquisitions | Comments Off on Gas South Plans to Acquire Infinite Energy
Gas South, a Cobb County, Georgia-based natural gas marketer and a subsidiary of electric cooperative Cobb EMC, is planning to acquire Infinite Energy, based in Gainesville, Florida. The headquarters for Gas South will remain in Cobb County, where the business employs about 240 people, but the company said it would retain a presence in Gainesville, Florida, where most of...
Entities Consider Purchase of Coal Creek Plant, with Sustainable Enhancements
Posted on Oct 16, 2020 in Mergers/Acquisitions | Comments Off on Entities Consider Purchase of Coal Creek Plant, with Sustainable Enhancements
At least two entities are considering purchasing Great River Energy’s 1,147-MW Coal Creek plant, which was slated for retirement in the second half of 2022. The purchasers are considering operating the plant with enhancements such as carbon capture and storage technologies and building energy storage and wind generation in the area.
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